Institutions in the educational services category include public, private, nonprofit and for-profit businesses providing instruction and training to students — elementary through high schools, colleges and universities, and industrial, professional and vocational training centers.
Education providers face distinctive funding challenges, heightening the need to manage costs.
For public schools, poor performance on measures such as test scores and attendance may lead to school closings or loss of funding.
Colleges and universities must meet requirements of the federal Higher Education Act or face a loss of eligibility for college loan programs; high student loan default rates may also render an institution ineligible for federal grant programs.
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